Here are the questions addressed in today’s episode:
– Renting in Belize
“I will be ordering your subscription in the near future but in the meantime, I have two questions.
I have been told one has to be in Belize to open a bank account but you say no.
Also, you said rent for as low as US$800 per month in Belize. Isn’t that a typo? Can it really be that affordable?
Thanks for responding.” – Ernest C
– Buying land in Belize
“Kathleen, you wrote recently that every property market worldwide will be affected by the pandemic crisis but not all negatively. You said that the “survivalist” market-for properties in places where you could live comfortably off-grid and self-sufficiently-will become more sought-after than ever and therefore more valuable. You mentioned land in Cayo, Belize, specifically. Acquiring land in Cayo, Belize, sounds interesting to me. Can you tell me more about this, please?” – Andy P.
– The pros and cons of retiring to these countries…
– Buying real estate in Panama
“I am a subscriber to GPA and Simon Letter. Thanks for your help in getting me this far. I have both a Roth IRA LLC and a Roth solo 401k LLC and wish to purchase some residential property in Panama. Both are U.S.-based LLCs There are enough funds in the Roth IRA LLC to fund the entire purchase. Can you please point out the advantages/disadvantages of buying the property either through the LLC versus having the LLC create a Panamanian Corporation (I understand there are 2 types of PC SA and SRL) or a Panamanian Private Interest Foundation?
I know I have to report the value when I submit my yearly valuations, but do I report elsewhere that I have a PC or PPIF?
Finally, can I have my Roth IRA LLC and solo 401k LLC be co-owners of the Panama company or the Panamanian foundation? I do appreciate your insight.” – Philip M.
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